Appender 2 Activity Based Conting in an Inworance Compenr Quality Insurance Compary Product Profitability Report a. Complete the product prostability report including administrative activities. Teres Wy Whor 2. Uhdernatiting income less adrinibtrative expenses is equal to income from uperations. b. Determine the underariting income as a percent of ptemium revence. 7. Check My Work a. Underwriting income less administrative expenses is equal to income from operations. b. Determine the underwriting income as a percent of premium revenue. c. Determine the operating income as a percent of premium revenue, rounded to one decimal place. d. All of the following are true regarding the three insurance lines except: Each line has a dilferent percentage of underwriting income to premium revenue. Fosdich Chate My Wirk b. Olvide underwriting income by premium revenue. c. Divide inconse from operations by promium fevenue. d. Review your analysis in parts a through c